Financial Sector (Transfer and Restructure) Act 1999

If:

an asset (other than land or an interest in land) becomes, under this Act, an asset of a receiving body; and

there is lodged with the person or authority who has, under a law of the Commonwealth, a State or a Territory, responsibility for keeping a register in respect of assets of that kind a certificate that:

is signed by an authorised APRA officer; and

identifies the asset; and

states that the asset has, under this Act, become an asset of the receiving body;

register the matter in the same manner as transactions in relation to assets of that kind are registered; and

deal with, and give effect to, the certificate.

This section does not affect the operations of the Corporations Act 2001.